U.S. Bancorp (NYSE:USB) Stock Price Expected to Rise, Oppenheimer Analyst Says

U.S. Bancorp (NYSE:USB) had its target price lifted by equities researchers at Oppenheimer from $62.00 to $63.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price indicates a potential upside of 30.90% from the stock’s current price.

Several other research analysts have also weighed in on USB. Wells Fargo & Company increased their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays lifted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Compass Point boosted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Stephens increased their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.12.

U.S. Bancorp Trading Up 0.2 %

Shares of USB stock traded up $0.10 during mid-day trading on Friday, hitting $48.13. 5,785,531 shares of the company’s stock were exchanged, compared to its average volume of 8,738,514. The stock has a market cap of $75.08 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 2.47 and a beta of 1.05. The stock has a 50-day simple moving average of $50.25 and a two-hundred day simple moving average of $46.71. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that U.S. Bancorp will post 3.91 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of USB. State Street Corp raised its position in shares of U.S. Bancorp by 1.2% during the 3rd quarter. State Street Corp now owns 67,282,970 shares of the financial services provider’s stock worth $3,110,115,000 after purchasing an additional 819,805 shares during the period. FMR LLC increased its position in U.S. Bancorp by 32.7% in the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider’s stock worth $2,922,784,000 after buying an additional 15,746,852 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in U.S. Bancorp by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,328,880 shares of the financial services provider’s stock valued at $2,164,350,000 after buying an additional 1,796,336 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 1.8% during the third quarter. Geode Capital Management LLC now owns 33,086,597 shares of the financial services provider’s stock valued at $1,507,616,000 after acquiring an additional 599,852 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of U.S. Bancorp by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 12,376,977 shares of the financial services provider’s stock worth $491,364,000 after acquiring an additional 325,374 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.